Stocks Surge: In Bull Markets, Big Moves Happen On The Upside

Over the weekend, the FBI cleared Hillary in the latest email scandal. As expected, this sparked a big rally on Wall Street as the market finally rallied from deeply oversold levels. Nearly every single measure of sentiment and normal price movement was stretched to the downside as of Friday's close. That set the stage for a big oversold rally. That is exactly what we are seeing. In addition to being very oversold, the market is bouncing back from its longest losing streak in 36 years!